INTRODUCTION TO DOCUMENTARY CREDITSLevel 1
Duration 3 learning hoursLanguage English
Price US$150
Credits 3Credits category Meeting Client Needs
Course code TF 101-4
Course objectives
This course provides a practical overview of the
long-established but still rather esoteric trade
financing instrument, the Documentary Letter of
Credit, known variously as Documentary Credit,
Commercial Letter of Credit, Letter of Credit, L/C,
and D/C. For the purpose of this course, we will
limit ourselves to “Documentary Credit” and “L/C”.
Upon completion, you will have developed a good
foundational understanding of the importance
of the documentary letter of credit in enabling
trade, the versatility of this proven instrument in
addressing a range of market conditions and a
variety of client needs. You will also appreciate
the strengths of this unique financial instrument,
as well as the weaknesses (and a couple of
misconceptions) of this mechanism.
www.icc.academy
Course outline
Module 1 Introduction to Documentary Credits
Module 2 Selected challenges in international trade
Module 3 The continuing importance of the Documentary Credit
Module 4 Trading parties and their needs
Module 5 Rules, practices and standards: Cornerstones
Module 6 Basic Documentary Credits Transaction Flow
Module 7 Risk and the Documentary Credit
Module 8 Confirmation of Documentary Credits
Module 9 Trade Banking and Other Systems
Module 10 Capital Adequacy, Basel and the ICC Trade Register
Module 11 Assessment
Target audience
General practitioners working in banks, corporates, or financial
institutions in functions such as Relationship Management, Credit,
Compliance, etc. but with an interest in trade finance.
INTRODUCTION TODOCUMENTARY CREDITS
ABOUT THE AUTHOR
www.icc.academy
Assessment
This eLearning course will include a self-assessment tool to help you
prepare for the Global Trade Certificate (GTC) Final Examination if
you choose to obtain this Certificate. The passing grade for the Final
Examination is set at 70%.
What is an ICC Academy online course?
ICC Academy courses are delivered via our
Learning Management System (LMS) using
innovative tools for combining digital learning with
industry-centric community discussions.
Our courses are available for purchase individually
or as pre-designed packages (ie: Certificates)
and are delivered exclusively online. They include
videos, animations, case studies, and a self-
assessment section and are available to take at any
time – anywhere in the world.
ALEXANDER R. MALAKET, CITP
President, OPUS Advisory Services International Inc.
Alexander Malaket is a recognized specialist in
international trade and trade finance, with over
25 years of professional experience in Canada
and internationally. Alexander is Deputy Head
of the Executive Committee of the ICC Banking
Commission (Paris), a member of the Executive
Committee of the Board of Directors, World Trade
Centre (Winnipeg) and a member of the Board
of the Forum for International Trade Training
(Ottawa). Alexander is a member of the B20 Task
Forces for 2015, the International Affairs Committee
of the Canadian Chamber of Commerce, and a
“Nominated Expert” in trade finance at the UN/
CEFACT, as well as a member of the ICTSD/
World Economic Forum E15 Initiative. Author of
“Financing Trade and International Supply Chains”
published by Gower, UK in 2014, Mr Malaket is a
frequent speaker, panel chair and participant at
leading industry events around the world.